Ethiopian Reinsurance, established eight years ago with an initial capital of Birr 1 billion, announced that it has saved the country USD 50 million in foreign currency. The company, which provides reinsurance services to Ethiopian insurance companies, has played a crucial role in retaining funds that were previously spent abroad.
Ethiopian Airlines has been ranked fourth-largest airline globally, based on the number of countries it serves. Ethiopian also remains the largest carrier in Africa in terms of the number of passengers it carries, destinations it serves, fleet size, and revenue.
Ethiopian Airlines Group, the fastest-growing airline brand globally and the continent’s leading airline brand, has been crowned with ‘The Best Airline in Africa’ title at the prestigious SKYTRAX 2023 World Airline Awards during the Paris Air Show held in France, Paris on June 20, 2023. It is the sixth time in a row that Ethiopian Airlines has been recognized as the Best Airline in Africa at the SKYTRAX World Airline Awards.
Ethiopian Airlines and Liege Airport have agreed to extend for another 5 years their win-win partnership for the transport of air cargo between Africa and Europe.
Ethiopian Airlines has renewed its long-term strategic partnership with Sabre Corporation (NASDAQ: SABR), the leading software and technology provider that powers the global travel industry, for another seven-year term with a minimum commitment of $110 million. As per the agreement, Ethiopian will continue using Sabre’s passenger service system, SabreSonic, enabling it to automate sales and service, helping it to maximize revenue opportunities and create efficient airport experiences for travelers.
